|Consider the following statements in Indian context|
|1. Saving come from three sources, viz households, the private corporate sector, and the public sector|
|2. on average, households accounted for nearly three-fourth of gross domestic savings during the last three decades. Which of the statements given above is/are incorrect?|
A) 1 only
B) 2 only
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
Solution :On average, households accounted for nearly 75% of gross domestic savings during the period 1980-81 to 2011 - 12. Savings of the private corporate sector accounted for 15 percent of total savings on an average between 1980-81 and 2011-12. The public sector accounted for 10 percent of total savings on average between 1980-81 and 2011-12.
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